Swedish Match North America LLC 401(k) Review & Grade
Pinkerton Tobacco Hourly Employees Profit Sharing Plan
Richmond, VAManufacturing774 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,734Employer $ per active participant
$4,200Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$44.9MNet plan assets, end of year
$51,932Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 61th |
| Employee saving | 40th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Swedish Match North America put in about $5,734 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,435,260 |
| Participant (employee) contributions | $3,248,801 |
| Other contributions (incl. rollovers in) | $314,964 |
| Administrative expenses paid from the plan | $64,618 |
| Benefits paid out | $1,480,430 |
| Net assets, start / end of year | $34.6M / $44.9M |
| Active participants, start / end of year | 616 / 931 |
| Participants with account balances | 865 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pbmares, LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $64,787 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013101646NAL0000478707001, received 2025-10-13, EIN 62-1257378, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.